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1) Intrest if of two types. Simple and compound

Simple Intrest = (Principle X Rate of Intrest X Time period )/100
Compound Intrest = Principle{(1+rate of intrest)^time period}.

2) 15 months = 15/12 = 5/4 or 1.25 years.

2007-02-11 17:19:56 · answer #1 · answered by Josh 3 · 0 0

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